A condensed single-step income statement appears below. Present this information in a condensed multistep income statement, and state what insights can be obtained from the multistep form as opposed to the single-step form.

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Revenues Net Sales Interest Income Total Revenues Narajan Furniture Corporation Income Statement For the Year Ended June 30, 20xx 1,197,132 5,720 1,202,852 Costs and Expenses Cost of Goods Sold 777,080 Selling Expenses 203,740 General and Administrative Expenses 100,688 Interest Expense 13,560 Total Costs and Expenses 1,095,068 Profit before Income Taxes 107,784 Income Taxes Net Profit Earnings per share 24,000 83,784 8.38